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Buy Cadila Healthcare; target of Rs 720: Sharekhan

Sharekhan is bullish on Cadila Healthcare has recommended buy rating on the stock with a target price of Rs 720 in its research report dated August 11, 2021.

August 23, 2021 / 13:55 IST
     
     
    26 Aug, 2025 12:21
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    Sharekhan's research report on Cadila Healthcare

    Cadila’s Consolidated revenues grew 14.5% y-o-y to Rs. 4,025 crore driven by a strong 42.8% y-o-y growth in the India business while US sales declined by 10.6% y-o-y. A solid presence in chronic and sub-chronic segments (which are the key growth drivers for the Indian pharmaceutical markets) and plans to launch 35-40 new products provide ample growth visibility for India business. Part of Cadila’s US business is under price erosion, but new launches Including injectables and high potential products, growth in the base products would lead to a healthy growth in the US business.

    Outlook

    Strong prospects and earnings visibility, a sturdy balance sheet, healthy return ratios and multiple growth triggers are key positives for Cadila. We retain our Buy recommendation on the stock with unchanged PT of Rs. 720.

    For all recommendations report, click here

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    Broker Research
    first published: Aug 23, 2021 01:55 pm

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